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Method

The lump sum was given as $10 million. The doubling option can be described as y = (2x) where x is the number of days in the month and y is the amount in dollars for that day.

Graph(s)




Solution

The doubling method would be best if the month is 31 days. Otherwise, at 30 days or less, the amount is less than $10 million.

Explanation


The function y = 2(x - 1)models the doubling the previous day's amount each day of the month. The variable x represents the day of the month and y represents the balance for each day of the month.

RUBRIC

Category
Above and Beyond (5 points)
On Target (3 - 4 points)
Needs Improvement (1 - 2 points)
Incomplete (0 Points)
Method
Provided a method for solving the problem that is clear and accurate
Method provided was mostly clear and accurate
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No method was provided or method was not clear or accurate
Graph(s)
Provided all appropriate tables and graphs that match with the given method
Provided most of the necessary tables and graphs correctly
Provided some of the tables and graphs correctly
Included no tables or graphs, or created all tables and graphs incorrectly
Solution
Provided all possible accurate solutions
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Explanation
Included appropriate explanations for each possible solution
Included appropriate explanations for most of the given solutions
Included only one appropriate explanation for the given solutions
Included no explanations or all explanations were not appropriate for the given solutions